UnitedHealth Group Incorporated (NYSE:UNH) Shares Bought by Independent Family Office LLC

Independent Family Office LLC grew its position in UnitedHealth Group Incorporated (NYSE:UNH) by 31.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 655 shares of the healthcare conglomerate’s stock after buying an additional 155 shares during the period. Independent Family Office LLC’s holdings in UnitedHealth Group were worth $385,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Apella Capital LLC raised its holdings in shares of UnitedHealth Group by 37.3% in the 2nd quarter. Apella Capital LLC now owns 1,120 shares of the healthcare conglomerate’s stock valued at $551,000 after purchasing an additional 304 shares in the last quarter. Thomasville National Bank lifted its position in UnitedHealth Group by 3.3% in the second quarter. Thomasville National Bank now owns 1,318 shares of the healthcare conglomerate’s stock valued at $671,000 after acquiring an additional 42 shares during the last quarter. Cullinan Associates Inc. lifted its position in UnitedHealth Group by 25.8% in the second quarter. Cullinan Associates Inc. now owns 20,952 shares of the healthcare conglomerate’s stock valued at $10,670,000 after acquiring an additional 4,298 shares during the last quarter. Matrix Trust Co raised its holdings in shares of UnitedHealth Group by 5.7% in the second quarter. Matrix Trust Co now owns 3,352 shares of the healthcare conglomerate’s stock valued at $1,707,000 after buying an additional 181 shares during the last quarter. Finally, RDA Financial Network raised its holdings in shares of UnitedHealth Group by 4.3% in the second quarter. RDA Financial Network now owns 8,866 shares of the healthcare conglomerate’s stock valued at $4,515,000 after buying an additional 363 shares during the last quarter. Hedge funds and other institutional investors own 87.86% of the company’s stock.

UnitedHealth Group Trading Down 0.0 %

Shares of UnitedHealth Group stock traded down $0.18 during trading hours on Tuesday, hitting $608.34. The company’s stock had a trading volume of 291,908 shares, compared to its average volume of 3,839,301. The business has a fifty day moving average of $585.43 and a 200 day moving average of $556.65. The company has a market capitalization of $559.84 billion, a PE ratio of 39.64, a P/E/G ratio of 1.79 and a beta of 0.58. UnitedHealth Group Incorporated has a 1-year low of $436.38 and a 1-year high of $630.73. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.74.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings results on Tuesday, October 15th. The healthcare conglomerate reported $7.15 earnings per share for the quarter, beating analysts’ consensus estimates of $7.00 by $0.15. The business had revenue of $100.82 billion during the quarter, compared to analyst estimates of $99.14 billion. UnitedHealth Group had a net margin of 3.63% and a return on equity of 26.37%. The business’s revenue was up 9.2% on a year-over-year basis. During the same period last year, the business earned $6.56 EPS. As a group, equities analysts forecast that UnitedHealth Group Incorporated will post 27.6 EPS for the current year.

UnitedHealth Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Monday, December 9th will be issued a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a yield of 1.38%. The ex-dividend date is Monday, December 9th. UnitedHealth Group’s dividend payout ratio is currently 54.72%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Barclays upped their target price on shares of UnitedHealth Group from $603.00 to $655.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. KeyCorp initiated coverage on shares of UnitedHealth Group in a report on Friday, October 11th. They issued an “overweight” rating and a $675.00 target price for the company. StockNews.com lowered shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Stephens dropped their price target on shares of UnitedHealth Group from $632.00 to $605.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Finally, Bank of America lowered their target price on shares of UnitedHealth Group from $675.00 to $650.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $621.58.

About UnitedHealth Group

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. The company operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older addressing their needs; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage.